Mirae Asset Global Investments Co. Ltd. Sells 25,206 Shares of Box, Inc. (NYSE:BOX)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Box, Inc. (NYSE:BOX) by 2.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 897,831 shares of the software maker’s stock after selling 25,206 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in BOX were worth $25,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. a16z Perennial Management L.P. bought a new position in BOX during the 4th quarter valued at about $48,000. TFO Wealth Partners LLC lifted its stake in BOX by 62,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock valued at $48,000 after acquiring an additional 1,860 shares during the period. Blue Trust Inc. lifted its stake in BOX by 17.0% during the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock valued at $149,000 after acquiring an additional 897 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in BOX by 14.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock valued at $154,000 after acquiring an additional 782 shares during the period. Finally, Neo Ivy Capital Management bought a new position in BOX during the 4th quarter valued at about $156,000. Institutional investors own 86.74% of the company’s stock.

BOX Trading Up 0.2 %

BOX stock traded up $0.04 during midday trading on Friday, hitting $26.13. The stock had a trading volume of 908,127 shares, compared to its average volume of 1,570,007. The firm’s fifty day moving average is $26.33 and its two-hundred day moving average is $26.65. The company has a market capitalization of $3.77 billion, a PE ratio of 35.79, a P/E/G ratio of 7.50 and a beta of 0.86. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $31.94.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, May 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. The business had revenue of $264.66 million during the quarter, compared to analyst estimates of $261.65 million. As a group, equities research analysts predict that Box, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BOX. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. UBS Group reduced their price target on shares of BOX from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Oppenheimer reaffirmed an “outperform” rating and set a $35.00 price target on shares of BOX in a research report on Wednesday, May 29th. Morgan Stanley reduced their price target on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price target on shares of BOX in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and an average target price of $30.33.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 3,300 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $25.90, for a total transaction of $85,470.00. Following the completion of the sale, the vice president now directly owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Eli Berkovitch sold 3,300 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $25.90, for a total transaction of $85,470.00. Following the completion of the transaction, the vice president now directly owns 152,372 shares in the company, valued at approximately $3,946,434.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total value of $262,600.00. Following the transaction, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at $79,283,010.30. The disclosure for this sale can be found here. Insiders sold a total of 57,060 shares of company stock valued at $1,510,995 in the last three months. 4.10% of the stock is currently owned by corporate insiders.

BOX Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.